Secondary bond market activity continues at a moderate pace

Tuesday, 20 March 2018 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

Activity in the secondary bond market remained moderate yesterday, with limited trades of the 01.03.21 maturity taking place at levels of 9.85% to 9.87%. Meanwhile in the secondary bill market, January and March 2019 maturities were traded at levels of 9.20% and 9.61% respectively.

The total secondary market Treasury bond/bill transacted volumes for 16 March was Rs. 5.62 billion.

In money markets, the overnight call money and repo rates averaged at 8.14% and 7.57% respectively as the Open Market Operations (OMO) Department of the Central Bank of Sri Lanka was seen draining out an amount of Rs. 15.10 billion on an overnight basis at a weighted average of 7.26%. The net surplus liquidity in the system stood at Rs.30.69 billion yesterday.

Rupee remains

mostly unchanged

In the Forex market, the USD/LKR rate on spot contracts remained mostly unchanged to close at Rs. 156.10/15.

The total USD/LKR traded volume for 16 March was $69.55 million.

Some of the forward USD/LKR rates that prevailed in the market were 1 Month - 156.90/00; 3 Months - 158.40/55 and 6 Months - 160.65/80.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.